Berwick Suburb Profile & Market Update
The Suburb Turning Heads
It’s a new year, and if its anything like the last, Berwick will continue to shine as a jewel in the crown of the south-east.
With a family-friendly demographic and amenities to match, Berwick’s semi-rural feel entwined with freeway accessibility is appealing to home-buyers seeking a ‘leafy’ lifestyle of convenience.
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From the charming tree-lined village of shops on High Street to quality schooling and medical facilities, there’s a whole lot to love about Berwick, and the secrets out!
Berwick was showered with accolades in 2021, most notably topping the realestate.com.au list of Australia's most in-demand suburbs. A whopping 47,498 highly-engaged buyers were looking at houses in Berwick over a 12-month period to August 2021.
*Source: www.realestate.com.au
Berwick is currently rated as ‘high-demand’ by realestate.com.au, with work-from-home opportunities and a covid-inspired lifestyle shift being driving factors. Competition between buyers has resulted in many top-of-the-range sales being negotiated in record time. The REIV median house price for Berwick for March quarter 2022 is $967,000, the highest on record for the suburb.
Berwick sales results:
|
5 Burr Hill Court, Berwick |
Sold in 3 Days: $2,100,000 |
|
11 Magarra Cres, Berwick |
Sold in 4 Days: $670,000 |
|
2 Hagen Drive, Berwick |
Sold in 6 Days: $1,070,000 |
|
2 Fritzlaff Court, Berwick |
Sold in 4 Days: $995,000 |
|
3 Biralee Court, Berwick |
Sold in 5 Days: $1,335,000 |
|
9 Sumner Court, Berwick |
Sold in 9 Days: $1,225,000 |
|
11 Whisken Way, Berwick |
Sold in 4 Days: 1,317,000 |
|
8 Wintersun Road, Berwick |
Sold in 6 Days: $1,140,000 |
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5 Burr Hill Court, Berwick: Sold in 3 days above-range.
Median price growth for Berwick 3806:
• December Quarter 2016 Median House Price: $620,000
• December Quarter 2021 Median House Price: $900,000
This represents 45% growth over 5 years.
*Source: Real Estate Institute of Victoria (REIV)
With industry experts predicting ‘5 – 8 per cent overall growth for 2022’, the Victorian property market will remain hot at its core.
If you would like to know where your property sits in the current market, give our friendly team a call.
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Our top two tips to help you secure the home of your dreams:
Finance
If your purchase involves bank finance, applying for pre-approval is advantageous. This is acknowledgement from your lending institution that you are good for the loan. A pre-approval will allow you to inspect with intent rather than window shop and also add confidence and strength to any offer you put forward. Learn more.
Making An Offer
An offer is the amount you are prepared to pay for the property; the deposit amount; settlement date; and it may also include conditions such as pest and building inspections and/or finance approval. You need to be comfortable with the offer you are making but keep in mind, a strong offer with favourable conditions is more likely to be accepted by the seller. Learn more.
Our top 2 tips for promoting your property in its best possible light and maximising your end outcome:
Declutter
Nothing says ‘welcome’ like a freshly cleared, neatly presented space. Decluttering doesn't need to be overwhelming; focus on one room at a time and edit by taking away a few items, the result can be utterly gratifying! Learn more.
Presentation
Appeal to the senses! Smell – candles, room deodorisers. Touch – style with textured elements like fluffy throws or knotted rugs. Sight – vases of fresh flowers. If you need an extra helping hand, our professional home stylists are available. Learn more.
Don’t forget about the exterior of your home, buyers often do drive-by’s before inspecting, and a well maintained exterior and neat garden will ensure they return for the inspection! Learn more.